ProfWiggles
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ProfWiggles13 karma
Listen to their quarterly earnings call and you will hear everything this guy is allowed to say. PGP was a huge program, much bigger than just paid parking. And the other programs free up a lot of cash simply due to efficiencies.
It was about time too, MGM had acquired others...mirage group, mbh group, but never really merged with them. And every property was like a separate operation. PGP brought more standard operations across the board and leveraged some economies to scale. They are building a stronger centralized corporate to support properties which is way more cost effective than 16 properties supporting themselves.
And I still think paying for parking is kind of ridiculous...but that's what Uber is for.
ProfWiggles3 karma
Totally. He is a marketing guy, which is about a 180 from a science guy. I am sensing all things he says are tinged with brown.
ProfWiggles49 karma
Classic Tracy
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